“The result provides a secure and dramatically more convenient way for consumers to make payments. The convenience provided by mobile payment in today’s NFC-based mobile wallets can now be replicated with cards. It is also ideal for use in other form factors and applications such as electronic passports,” said Rafael Sotomayor, senior vice president and general manager of secure transactions and identification business. “The breakthrough reinforces NXP’s commitment to the payment and secure identification space by helping our customers deliver next-generation applications and solutions to the market.”

To ensure a lower barrier of entry for card makers, the company’s secure fingerprint authentication solution on cards does not require a battery and easily fits into standard card maker equipment as part of the broader payment ecosystem. Cards with fingerprint authentication are fully compliant with existing EMVCo point-of-sales (POS) systems.

“This increased level of performance offers flexibility to add new features or higher crypto countermeasures and still meet current industry transaction requirement,” said Sotomayor. “The requirement for faster payment transaction will continue, and NXP is committed to providing the performance to meet these needs and make contactless transactions faster and flawless.”

NXP Demonstrations at Money 20/20 Las Vegas 2017

NXP will demonstrate these technology breakthroughs at its exclusive reception on October 24, 2017, in The Venetian. To RSVP for the event and experience NXP’s cutting-edge technologies, please contact [email protected].

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy, and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 31,000 employees in more than 33 countries and posted revenue of $9.5 billion in 2016. Find out more at www.nxp.com.